My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

At All Costs?

It may look like a deal, but calculate the true cost to own first.
- Magazine Contributor
2 min read

This story appears in the July 2005 issue of Entrepreneur. Subscribe »

Before buying your next business vehicle, check out how much it costs to own and operate. Don't just calculate fuel economy--taking into account the true cost to own, or TCO, is the smartest way to budget transportation over the long run. Ongoing expenses include maintenance, fuel, repairs, insurance, financing, depreciation, and state taxes and/or fees.

Several websites have tools to calculate the TCO for vehicles. The most comprehensive and easiest to navigate is Edmunds.com, where the costs of ownership for models in every class of car and truck are listed (you'll need to add your ZIP code). Edmunds.com provides a breakdown of major operating costs; the vehicle's true market value price, including options, delivery charges and taxes; and links for comparisons with similar vehicles.

Another site, www.intellichoice.com, ranks the top 10 2005 cars and trucks in several categories, including lowest ownership and operating costs, and highest retained value. The company also publishes buyer guides.

For fleet owners, www.runzheimer.com offers a fee-based comparative Fleet Cost Analysis service, as well as The Runzheimer Plan of Vehicle Standard Costs, which is used to reimburse company drivers of employee-provided business vehicles.


Editor and consultant Jill Amadio has been reporting on the automotive industry for 26 years.

How Do You Choose Just the Right Niche for Your Ecommerce Business? A Checklist